United Rentals, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 27, 2021 at 09:37 pm
Share
United Rentals, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 2,279 million compared to USD 2,456 million a year ago. Operating income was USD 510 million compared to USD 599 million a year ago. Net income was USD 297 million compared to USD 338 million a year ago. Diluted earnings per share from continuing operations was USD 4.09 compared to USD 4.49 a year ago. For the full year, total revenue was USD 8,530 million compared to USD 9,351 million a year ago. Operating income was USD 1,800 million compared to USD 2,152 million a year ago. Net income was USD 890 million compared to USD 1,174 million a year ago. Diluted earnings per share from continuing operations was USD 12.2 compared to USD 15.11 a year ago.
United Rentals, Inc. is specialized in equipment rental services intended especially for the construction and manufacturing industries, public services, governmental agencies and private individuals. Net sales break down by activity as follows:
- equipment rentals (86.9%);
- sale of rental equipment (8.3%);
- sale of new equipment (1.3%);
- sale of equipment to businesses (1.1%);
- other (2.4%): in particular, repair services and spare part sales.
Net sales per market are split between general industry (73.7%), electrical energy and security (26.3%).
The United States account for 90.1% of net sales.
UNITED RENTALS, INC. 
